Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
“Super Critical” Coal Shortage Sends India Scrambling For NatGas By Dave Forest - Sep 14, 2017, 9:15 AM Things are turning extremely bullish for natgas. With one of the world’s fastest-emerging energy consumers scrambling to get all the supply it can. India. Local media reported this week that India’s power generators are seeing a sudden surge in natgas buying because of an “acute” shortage in the country’s go-to energy fuel: coal. After enjoying years of ample coal supply, India’s power sector has seen inventories slip drastically into the red in recent months. With ten major power plants classified as “critical”, with less than seven days of coal stocks — and five of those being “super critical” with less than four days of coal supply. And that drastic shortage has reportedly turned these generators to natural gas in a major way. Sources said India’s generators have purchased 10 million cubic meters (350 million cubic feet) during “the last couple days”. Indicating energy producers are getting desperate in keeping their operations in business amid the coal shortage. This potentially has long-term implications for global natural gas. Because of a peculiar feature of India’s energy landscape: a fleet of unused gas-fired plants. India in fact has over 25 GW of installed gas-driven generating capacity. But here’s the thing: 55 percent of that capacity usually never runs. Because it’s “technically stranded” — having no access to natgas feed at commercially-competitive prices. But the coal crisis is changing the economics here. Power operators are so desperate to keep the lights on, they’re willing to pay the higher prices required to deliver gas to the stranded power plants — causing this week’s major surge in natgas buying. If the coal shortage persists, that demand could become permanent. Watch for weekly data on coal stocks at India’s power plants, and stats on natural gas usage across India — which could have knock-on effects on imports.
The Market manipulators like to keep the trades a big secret. I bought 3 million shares here on a day when every trade was reported as a sell on LSE. Doesn't do much for the confidence of investors or attract new money. Shame really, that the UK market is so heavily manipulated, suppose it doesn't really matter to the market makers what damage they are doing to companies listed on AIM as long as they can grab your shares using fear on a false drop and sell that back to another punter on a false rise. The only way to beat them is buy when the fundamentals and the upsides look favourable and hold, ignoring the daily games.
Plans laid. Technical instructions in place. This could grow very substantially from these levels. Looking forward to Oilex using the new recipe for maintaining the fracture in existing vertical wells. Success with these would set this stock alight IMO. £800000 cash due this month would likely cause a morning spike and an afternoon retrace but the big bucks will come with some tasty flow rates and a new JV.
So the market is currently valuing OEX assets including Cambay 4.4TCF with technical instructions on how to achieve commercial flow rates at £800k... and zero value on £4.4million owed from GSPC and zero value on the management team. Only on AIM.
How can a few small sells wipe half a million pound from the MCAP in 1 day?.... Only on AIM.
One TCF of natural gas is enough to heat 15 million US homes for one year, 4.4TCF would be 66 million US homes for a year. Theres 25 million homes in the UK, if the UK to US gas usage per home is similar then Cambay could meet the entire household demand for the UK for over 2.5 years. MCAP at a little over ££3.5 million here with £2.2mil in the bank and £4.4mil owed is so far away from a fair valuation that it is laughable.
Well informed honest post teraferma. Seems there are a lot of disappointed PIs here. JS has had some pretty testing issues to deal with over his tenure. Would be a great story if he could turn this around by resolving the outstanding cash calls from GSPC, getting a new JV partner and successfully implementing the methods set out in last Thursdays RNS to achive commercial flows. Do you have an MCAP prediction Teraferma If them steps come together, which I know will take time and some luck. The market is placing zero value on the assets or the techmically experienced management team here.
Not sure about round and round and round.. seems more like it's been a frustrating few years but now Oilex have been given the formula to unlock the potential at Cambay. As detailed in the 2016 annual report, Oilex " look forward to unlocking the key to the sustainable commercialisation of the unconventional hydrocarbon resources within the Cambay project". As per the report we all read in the RNS on the 24th of August, Schlumberger and Baker Hughes may well have provided Oilex with that "key" mentioned in the 2016 review.
When the volume today on LSE shows 100% of trades as sells when I topped up.... BOUGHT (just to be clear) 2 grands worth this morning just before 9.
I've heard of buy the rumours and sell the news but what happened today is just crazy. So the RNS detailed that the world's leading technical and solutions companies (Schlumberger and Baker Hughes) believe that commercial gas flows are achievable at Cambay. Looking at the SP prior to this news you could argue that the market had wrote off Cambay. Now today we find out that the 4.4TCF resource will be capable of the flows required and the market "shruggs it's shoulders".. unbelievable. The positive to take out of the RNS going forward is that any potential new JV partner (Sun Oil and Natural) has definitive proof that Cambay can achieve commercial flow rates to supply gas to the world's fastest growing economy.
So Cambay had been wrote off by the market, as the MCAP was near the cash at bank + money owed. So now it's time to factor in Cambay with commercial gas flows. GSPC should give their 55% stake for damage caused to Oilex and we can get a new JV partner.. then this will really fly.
GSPC sell their 55% stake @ Cambay to Dilip Shanghvi of Sun Oil and Natural. New JV partner. GSPC pay Oilex in full with the proceeds from the sale. Rerate.. Done.
Just to clarify, I understand that the real value of Cambay would far out way the cash calls but the none payment has been very damaging to Oilex.
Genuine question, should the money owed by GPSC be subject to interest? Also as GSPC are offloading their stakes in Oil and gas blocks is anyone of the opinion that we could take full ownership of the Cambay site and call it quits?? Then find a new JV partner, preferably billionaire Dilip Shanghvi of Sun Oil and Natural?? This post isn't intended as a ramp, I'm just looking for the very best possible developments. Does anyone else have an opinion on possible options? GLA.
Hello all. Im new to this stock. Bought in Friday morning before the rise and very happy with my entry. Just researching the TCF versus oil equivalent. A commonly used factor in the oil industry is 1 barrel of oil = 6,000 cubic feet of natural gas. Therefore, 1 TCF of natural gas would equal 170 million barrels of oil, approximately. So potential at Cambay of 4.4 TCF would equal 748 million ballet of oil, so our 45% interest at Cambay would represent 336600000 barrels of oil equivalent. Suppose an oil equivalent of over 336 million barrels of oil isnt a bad freebie seen as the Cambay resource has been completely un factored into the MCAP as the amount OEX are owed In cash is around where are MCAP sits at the minute. A refreshed board and a more favourable Indian government as well as been in the minority of AIM listed companies that actually produce a revenue is making this look like a steal at these prices.
Same question as Alexios! Can anyone answer what is the interest in terms of percentages (approx will do) that Starvest hold in Kuwait Energy? Thinking of investing here but I need some idea of how much the shares in Concorde converted into when Concorde shareholders received shares in Kuwait Energy. Thanks.